Chapter 1701 Acquisition case

Author: Shihanjie

Chapter 1701 Acquisition case

Wang Lin did not make a quote on the spot either.

Because he doesn't know much about LG's semiconductor status.

Therefore, Wang Lin suggested to President Gu that he wanted to visit and learn about LG Semiconductor.

President Gu immediately agreed that he would personally lead Wang Lin to visit LG Semiconductor Company.

In the 1980s, South Korean companies entered the DRAM field, with major companies including Samsung, Hyundai Electronics and LG Semiconductors.

At this time, the DRAM market was dominated by Japanese companies, and South Korea was basically in the role of followers. After entering the 1990s, South Korean companies adopted more advanced lithography equipment, and Toyo equipment was gradually eliminated. By 1995, the market share of South Korean DRAM companies was almost overtaking Toyo.

However, this semiconductor carnival was quickly saturated with the global crazy factory construction and then began to decline.

LG Semiconductor's financial report this year is no longer very good.

With the arrival of the financial crisis, LG Semiconductor has been declining and finally integrated its semiconductor business into Hyundai under the leadership of the South Korean Political Department.

Later, Hyundai Company independently removed its semiconductors, which was later Hynix.

Wang Lin’s intention to acquire LG’s semiconductor business is not a question of how much he pays, but a question of whether South Korea approves it.

However, this year, the United States has not been too strict in the regulation of my country's semiconductors. The biggest resistance may come from South Korea.

After all, my country's semiconductor industry is completely backward and is not enough to attract the attention of Midi.

This is also the best time for Wang Lin!

If Wang Lin missed this opportunity, he would probably be a fool to acquire LG Semiconductor.

What surprised Wang Lin was that LG has its own silicon wafer factory.

In all aspects, LG Semiconductor meets Wang Lin's expectations, and even exceeds his expectations.

Wang Lin was already planning and immediately moved LG Semiconductor to China as a whole to prevent the night from getting too long and dreaming.

He immediately told President Gu that he was willing to acquire LG Semiconductor and offered $500 million

In 1985, LG Semiconductor began to make efforts. Judging from the background of South Korea's efforts to invest in semiconductors at that time, this is a good choice.

However, 10 years later, President Gu, who had just become the head of LG, wanted to hand him over.

Of course, President Gu is reluctant to leave.

But he made this decision anyway.

And in the future, he will regret the decision he made!

President Gu was still hesitating whether to sell LG semiconductor to Wang Lin.

But when he heard the price tag offered by Wang Lin, he was moved.

Over the years, LG has been in debt due to its expansion.

In fact, most of the consortiums in South Korea owed high debts.

This is similar to the real estate tycoons in later generations in my country. The larger the stall, the more debt the company will have.

In a healthy development, these debts are not burdens.

But once a financial crisis occurs, debt will overwhelm the company.

In order to survive, enterprises have to bear the pain of giving up and transfer some of their industries.

LG's main business is still mainly chemical, energy, electrical and other industries. Its subsidiary Lexi Chemical and Venus Wire are its pillar industries.

If you have to abandon one of these industries, you will of course choose an inconspicuous semiconductor.

After thinking twice, President Gu finally agreed to Wang Lin’s acquisition request.

After all, Wang Lin offered a price that he could not refuse.

As for the acquisition case, only the parties involved know how much the price Wang Lin paid.

This is a commercial secret and will not be disclosed to the public easily.

Judging from President Gu's happy acceptance, the price offered by Wang Lin is definitely not low.

The two discussed the specific transaction again.

Wang Lin asked President Gu, will your country approve this acquisition?

President Gu also had the same concern and pondered without saying a word.

Wang Lin proposed a solution.

LG has invested in and built a factory in my country, and can also increase investment, migrate all the semiconductor industry to my country, and then announce and complete the acquisition.

President Gu said there is no need to be such trouble. I will sell my business as soon as I want to sell it, and I will convince others.

After reaching the acquisition intention, it will take time to complete the transaction.

What Wang Lin feared most was that there was change in the middle.

As long as South Korea disagrees or the United States intervenes, the acquisition case will be ruined.

However, no matter how anxious he is, it is useless.

He even had to act very calmly.

When he offered the price, he acted like an outsider and was eager to enter the semiconductor industry, so he offered a big price.

Only in this way can President Gu take the bait.

President Gu told Wang Lin that after everything was ready, he would notify Wang Lin and then complete the acquisition case.

In order to urge President Gu to complete the acquisition, Wang Lin deliberately mentioned several semiconductor companies in Dongyang.

With the United States imposed sanctions on Dongyang, the once-prosperous semiconductor industry gradually declined, and many semiconductor companies have reached the verge of bankruptcy.

Wang Lin may also acquire Dongyang's semiconductor company.

President Gu believed this.

Therefore, President Gu repeatedly said, please rest assured Wang Lin, after you return to China, please wait patiently. I will communicate with all parties as soon as possible and then smoothly advance this acquisition case.

After visiting LG Semiconductor, it was around 4 pm, and at noon, Wang Lin had a working meal at LG.

President Gu must invite Wang Lin to dinner, saying that you are a guest from afar, and I want to invite you to the best food in Korea.

Wang Lin just came to South Korea and really didn’t know what the best food in South Korea is.

He smiled and said, "Isn't your best delicacy just barbecue?"

President Gu laughed and said, "It seems that Mr. Wang Lin has tasted our local barbecue?"

Wang Lin said: "I've eaten it."

President Gu said: "There are many kinds of barbecue. I invite you to the best restaurant in Seoul to have a barbecue. You will know that South Korean barbecue can be made so high-end!"

Wang Lin is irresistible because he just received a call from Zhou Boqiang that their trip in Busan has not ended yet and may not be able to return to Seoul tomorrow.

In other words, Wang Lin has no one to accompany him tonight, only Uncle Zhong and him stay in Seoul!

Wang Lin agreed to President Gu and attended the dinner.

The place where President Gu treats guests is a restaurant with a history of more than 40 years.

Wang Lin glanced at the signboard, it was all in Korean. He didn't recognize those words and could only be ashamed.

Popular retro elements are not the patent of my country's service industry.

In this restaurant in Seoul, the clothes worn by the waiters are South Korean costumes, or local ethnic costumes.

The decoration of the restaurant looks very high-end, which is very different from the restaurant Wang Lin has been to before, and the service is also thoughtful and enthusiastic.

The food here is very complete, and barbecue is of course essential.

In addition to ordinary barbecue, beef tongue, seafood and other ingredients are also provided here.

The restaurant only uses the tenderest middle part of the beef tongue, which is actually thick and cut. It can be eaten until it is cooked three minutes long. The taste is as amazing as barbecue!

The secret sauce has increased the taste by several levels.

Fried squid is also very distinctive. It uses the tenderest meat on the squid. It is not cut into circles, but a piece of squid meat. It not only looks pleasing to the eye, but also makes people praise it.

In addition to barbecue and fried chicken steak and fried squid, there are also exquisite dishes.

There is a soup made of deep-sea cod fish roe. The fish roe is full and chewy, and it is as tender as tofu. The side dishes include bean sprouts, spicy cabbage, clams, and tofu. A spoonful full of them are all dry goods, and the food is extremely delicious.

It is said that only local people in South Korea can order this dish, and few foreigners know about it.

The wine here is also very distinctive, just like the wine in the bar, they are all made of.

Each wine has a very beautiful name.

For example, Midnight Blue, THE Girl, The Beauty Inside, etc., the names are very dreamy.

Wang Lin ordered an In One.
To be continued...